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US does not own SWIFT, SWIFT is a Belgian company and it is in compliance with Belgian law and with international law through Belgium. Like any other company it
by mrkramer 6y ago
US does not own SWIFT, SWIFT is a Belgian company and it is in compliance with Belgian law and with international law through Belgium. Like any other company it must turn in information if requested by court order.
For example US was deep into banking system of Middle East countries[1] because they couldn't get all SWIFT transactions they wanted.
If you are to blame SWIFT blame Belgium first because they essentially decide what happens with SWIFT at the first place. After 2001 world is not the same, anti-terrorist and anti-laundering laws are pervasive but I suppose for greater good.
[1] https://www.nytimes.com/2017/04/15/us/shadow-brokers-nsa-hack-middle-east.html https://www.nytimes.com/2017/04/15/us/shadow-brokers-nsa-hac...